200,000 Shares in ProShares UltraPro Short QQQ $SQQQ Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. bought a new stake in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 200,000 shares of the company’s stock, valued at approximately $7,668,000.

Other hedge funds have also recently made changes to their positions in the company. Parallel Advisors LLC acquired a new stake in shares of ProShares UltraPro Short QQQ during the first quarter valued at about $27,000. Redwood Park Advisors LLC lifted its stake in ProShares UltraPro Short QQQ by 69.3% in the first quarter. Redwood Park Advisors LLC now owns 887 shares of the company’s stock valued at $34,000 after buying an additional 363 shares during the period. PayPay Securities Corp lifted its stake in ProShares UltraPro Short QQQ by 85.9% in the first quarter. PayPay Securities Corp now owns 1,556 shares of the company’s stock valued at $60,000 after buying an additional 719 shares during the period. Game Plan Financial Advisors LLC lifted its stake in ProShares UltraPro Short QQQ by 16,818.2% in the first quarter. Game Plan Financial Advisors LLC now owns 1,861 shares of the company’s stock valued at $71,000 after buying an additional 1,850 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in ProShares UltraPro Short QQQ in the first quarter valued at approximately $100,000.

ProShares UltraPro Short QQQ Stock Performance

NASDAQ SQQQ opened at $16.56 on Friday. ProShares UltraPro Short QQQ has a 52 week low of $16.46 and a 52 week high of $57.80. The business has a 50 day moving average price of $18.10 and a 200-day moving average price of $26.10.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 25th were issued a dividend of $0.2566 per share. The ex-dividend date was Wednesday, June 25th. This represents a $1.03 annualized dividend and a dividend yield of 6.2%.

ProShares UltraPro Short QQQ Company Profile

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market.